Original URL (paywalled): https://www.smh.com.au/money/super-and-retirement/all-my-assets-are-in-crypto-how-will-this-affect-my-pension-20241112-p5kpys.html
This has to be a fake question for clickbait, right?
Original URL (paywalled): https://www.smh.com.au/money/super-and-retirement/all-my-assets-are-in-crypto-how-will-this-affect-my-pension-20241112-p5kpys.html
This has to be a fake question for clickbait, right?
The answer is in the article:
Further if you are trading crypto with the intent to make a profit, you may be considered as self-employed (still working) and this could affect your pension.
Frankly, I’m impressed that the ATO is across Crypto enough to have such policies regarding it.
?? They have for many years, you have to declare profits for CGT purposes for example, as you might speculating in Gold.
It night get tricky if the law is changed and unrealised gains are taxed.
I wonder with crypto bull run supposedly on, how many pensioners will go over the assets limit lol
I’m not sure grandma has any crypto… but putting all your investments in only crypto -or any single asset class- is just stupid.